Korea Exchange advances into overseas markets

The Korea Exchange is accelerating its advance into overseas markets, aiming to become a global premier exchange by 2015.

The bourse’s globalization program mainly focuses on providing its advanced information technology and securities market infrastructure to developing countries. 

It is also enhancing cooperation with foreign exchanges to help Korean firms enter overseas markets more easily.

In its first major achievement, the KRX won a contract for Bursa Malaysia’s bond trading and inspection system earlier in May 2006. 

Most recently it signed a contract worth 25 billion won ($22.53 million) to build the next-generation IT system for the Vietnamese security market in October 2009. The KRX and Vietnamese officials are currently negotiating the details.

The KRX also signed an agreement with the Finance Ministry in Cambodia to establish an exchange there and jointly run it in March last year.